Form 4: RENN Fund, Inc.: Murray Stahl Reports Changes in Beneficial Ownership

Murray Stahl, President and CEO of RENN Fund, Inc., reports transactions involving common stock, including acquisitions through various entities.

Summary

• On March 1, 2024, Murray Stahl, President and CEO of RENN Fund, Inc., reported changes in his beneficial ownership of the company's common stock.
• Stahl acquired 2 shares of common stock directly at a price of $1.64 per share.
• He also reported indirect acquisitions through his spouse (1 share), FROMEX Equity Corp (6 shares), FRMO Corp (24 shares), Horizon Common Inc (24 shares), and Horizon Kinetics Asset Management LLC (8 shares), all at $1.64 per share.
• Following these transactions, Stahl directly owns 4,937 shares and indirectly owns shares through various entities, including 370 shares held by his spouse, 60,659 shares held by FROMEX Equity Corp, 242,528 shares held by FRMO Corp, 246,609 shares held by Horizon Common Inc, and an unspecified amount held by Horizon Kinetics Asset Management LLC.
• Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.

Management Comments

• For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, such as RENN Fund, Inc.
• The reporting of indirect ownership through various entities is common among executives with complex investment structures.
• Comparable companies would also have executives filing similar forms when they trade their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of the company's President and CEO.
• It assures stakeholders that insider transactions are being monitored and reported in compliance with regulations.

Key Dates